Installed Building Products (NYSE:IBP) Director Michael Thomas Sells 2,001 Shares

Installed Building Products, Inc. (NYSE:IBP) Director Michael Thomas sold 2,001 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the transaction, the director owned 8,373 shares in the company, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Installed Building Products Trading Down 0.7%

NYSE:IBP opened at $266.08 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.85 and a quick ratio of 2.31. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 29.60 and a beta of 1.81. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $280.00. The business has a fifty day moving average price of $254.00 and a 200-day moving average price of $226.58.

Installed Building Products (NYSE:IBP) last released its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.49. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The company had revenue of $778.20 million for the quarter, compared to the consensus estimate of $751.98 million. During the same period in the previous year, the business earned $2.85 earnings per share. Installed Building Products’s quarterly revenue was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.6%. Installed Building Products’s payout ratio is 15.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its stake in Installed Building Products by 19.3% in the 2nd quarter. Franklin Resources Inc. now owns 238,077 shares of the construction company’s stock worth $42,930,000 after acquiring an additional 38,585 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Installed Building Products by 29.4% in the first quarter. TD Asset Management Inc now owns 12,566 shares of the construction company’s stock valued at $2,155,000 after purchasing an additional 2,852 shares in the last quarter. Trinity Financial Advisors LLC bought a new stake in Installed Building Products in the second quarter worth $1,244,000. Allianz Asset Management GmbH raised its stake in Installed Building Products by 16.8% during the second quarter. Allianz Asset Management GmbH now owns 11,132 shares of the construction company’s stock valued at $2,007,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Installed Building Products by 36.7% during the first quarter. Advisors Asset Management Inc. now owns 555 shares of the construction company’s stock valued at $95,000 after purchasing an additional 149 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on IBP shares. Weiss Ratings restated a “hold (c+)” rating on shares of Installed Building Products in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Wall Street Zen raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Monday, November 10th. Vertical Research assumed coverage on Installed Building Products in a report on Monday, October 20th. They set a “sell” rating on the stock. Finally, Zelman & Associates raised Installed Building Products from an “underperform” rating to a “neutral” rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $222.80.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.